Rasandik Engineering Industries India Ltd

Rasandik Engineering Industries India Ltd

₹ 107 0.21%
14 Jun - close price
About

Incorporated in 1986, Rasandik Engineering Industries Ltd is a manufacturer of critical engineering components for autos, household goods (HPD), etc.

Key Points

Business Overview:[1][2]
Company provides engineering solutions, designing and manufacturing delivery of sheet metal components and assemblies
to automobile industry. Company manufactures sheet metal components, press tools and dies for high tensile application in Heavy Commercial Vehicle (HCV), Light Commercial Vehicle (LCV), Passenger Vehicle (PV), tractors and 2-wheeler industry, heavy fabrication for railways. At present, company has 5 divisions viz.
a) Laser Tailor-Welded Blanks
b) Home Product
c) Press Tool Engineering Solutions and Components Manufacturing
d) Electric Vehicles
e) Railway and Heavy Fabrication Division

Product Profile:
a) Tailored Welding Blanks:[3] TWB Parts viz., Shot Gun, Door Inner, Longitudinal Member, Front Tunnel, Three Piece Door
b) Engineering Solutions:[4] Hyperform Draw Analysis, Tractor Body Parts, Point Cloud Data, Surface Model, MUV Wire Frame, hood for MUV
c) Tools & Dies:[5] Skin & Inner Body Components viz. Door Outer, Bonnet Outer, Front Fender, NHTL - Panel Assy. Hood, Renault - Tractor Bonnet, Wheel Arch Inner, Body Chain Case, GM - Extension Reinforcement, G M - Sun Roof
d) BIW Parts:[6] Parts and subassemblies for body-in-white, class A surfaces and closure panels
e) Suspension Parts:[7]
Design and manufacture of structural components of suspension systems, suspension parts and sub-assemblies
f) Fuel Tanks:[8]
Company is a major supplier of fuel tanks
to Indian automobile industry
g) Exhaust Line & CNC Bending:[9] Exhaust Systems for HML - Ambassador Contessa, RTV and ITL - Sonalika Tractor
h) Scissor Jack:[10] 0.7 T, 1.0 T, 1.5T, 2.0T
i) White Goods:[11]
Air-conditioner body stampings and assemblies, refrigerator body stampings and washing machine body stampings

  • Market Cap 64.1 Cr.
  • Current Price 107
  • High / Low 156 / 62.1
  • Stock P/E 10.1
  • Book Value 73.3
  • Dividend Yield 0.00 %
  • ROCE 11.3 %
  • ROE 20.2 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010
176 189 211 249
160 163 182 216
Operating Profit 15 25 28 33
OPM % 9% 13% 13% 13%
1 4 1 1
Interest 5 8 15 13
Depreciation 6 9 11 12
Profit before tax 5 12 4 9
Tax % 40% 48% 91% 28%
3 6 0 6
EPS in Rs 6.90 12.61 0.76 13.38
Dividend Payout % 15% 12% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 12%
TTM: 18%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 25%
TTM: 1664%
Stock Price CAGR
10 Years: 15%
5 Years: 2%
3 Years: 17%
1 Year: 53%
Return on Equity
10 Years: %
5 Years: %
3 Years: 14%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010
Equity Capital 5 5 5 5
Reserves 20 25 24 30
122 158 178 152
59 68 95 109
Total Liabilities 206 256 302 296
88 134 158 159
CWIP 49 43 55 45
Investments 0 0 0 0
69 78 89 92
Total Assets 206 256 302 296

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010
7 18 43 44
-58 -49 -37 -10
56 29 -6 -35
Net Cash Flow 4 -2 -0 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010
Debtor Days 52 44 43 39
Inventory Days 62 81 98 83
Days Payable 125 135 150 138
Cash Conversion Cycle -11 -11 -9 -15
Working Capital Days 20 32 5 -9
ROCE % 12% 9% 11%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
49.92% 53.10% 53.10% 53.10% 53.10% 53.10% 53.10% 53.10% 53.10% 53.10% 53.10% 53.10%
1.26% 1.26% 1.26% 1.10% 1.10% 1.10% 1.10% 1.10% 1.10% 1.10% 1.10% 1.10%
0.05% 0.05% 0.05% 0.06% 0.06% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05%
48.77% 45.59% 45.59% 45.74% 45.74% 45.75% 45.74% 45.74% 45.76% 45.74% 45.75% 45.75%
No. of Shareholders 3,6773,6493,6665,6595,4585,4745,3395,2285,1355,0885,1355,183

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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